Ocean World Ventures Sells Mixed-Use Property On Chicago's West Side For $1.41M
SOLD
$1,410,000
Illinois
See Similar DealsMixed-use
Sold
SOLD
Ocean World Ventures Sells Mixed-Use Property On Chicago's West Side For $1.41M
5329 West North Avenue, Chicago, Illinois 60639, United States
See Similar DealsMixed-use
Sold
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
A mixed-use property located at 5329 W. North Ave, 550 N. Avers Ave, and 3908 W. Ferdinand St in the West Side of Chicago has been sold for a total of $1,410,000. The property comprises of 18 units, resulting in a price per unit (PPU) of $78,333.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,410,000
- Units: 18
- Price Per Unit: $78,333
The sale was facilitated by Ted Stratman and Jeremy Morton from Interra Realty, who represented the seller, Ocean World Ventures.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$75,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,009.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,684.12
Annual Debt Service$80,209.43
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